Tiger Resources
Emerging Copper Producer
Tiger Resources is a copper/cobalt exploration company with excellent growth potential as it makes the transition from explorer to producer.
Tiger has built up a highly-rated portfolio of properties, all strategically located on the world renowned Katanga Copperbelt in the DRC.
The Company has completed the first feasibility study at its flagship Kipoi Project. The study is based on the exceptionally high grade Kipoi Central deposit where drill intersections of 104.5m @ 8.7% Cu, 109m @ 7.6% Cu and 118.6m @ 7.0% Cu have been reported.
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Tiger is now planning the Stage 1 development at Kipoi, scheduled to start in 2009 with annual production of 32,000 tonnes of copper.
The Company’s objective is to maintain its aggressive exploration and resource drilling programmes and grow its existing resource base of 13.4Mt @ 3.3% Cu for 439,000t of contained copper (inferred resource) to a level where it will support production of 100,000 tonnes of copper by 2016.
At 30 September 2008, Tiger has A$17.6million in cash.
The Company is committed to responsible and sustainable development, and is particularly focussed on environmental and social development issues in the DRC.